STEL HoldingsNSE:STEL -2.23%83 Net Margin % is 200.89% as of Mar. 2026, which is 157% above its 10-year median of 78.13. GuruFocus rates NSE:STEL with a GF Score™ of 83/100 and a GF Value™ of ₹534.93 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,576 Asset Management companies, STEL Holdings ranks worse than 64.53% on this metric.
Net margin is calculated as Net Income divided by its Revenue. STEL Holdings's Net Income for the
three
months ended in Mar. 2026 was ₹5.2 Mil. STEL Holdings's Revenue for the
three
months ended in Mar. 2026 was ₹2.6 Mil. Therefore, STEL Holdings's net margin for the quarter that ended in Mar. 2026 was 200.89%.
The historical rank and industry rank for STEL Holdings's Net Margin % or its related term are showing as below:
NSE:STEL'
s Net Margin % Range Over the Past 10 Years
Min: 44.82 Med: 78.13 Max: 100.75
Current: 44.82
NSE:STEL's Net Margin % is ranked worse than 64.53% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs NSE:STEL: 44.82
STEL Holdings (NSE:STEL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
STEL Holdings Net Margin % Related Terms
STEL Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for STEL Holdings's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, STEL Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
STEL Holdings Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, STEL Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where STEL Holdings's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STEL Holdings (NSE:STEL) has a Net Margin % of 200.89% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on STEL Holdings and its competitors. This is 157% above median its historical median of 78.13. Over the past decade, STEL Holdings' Net Margin % has ranged from 44.82 to 100.75. According to the industry distribution chart, STEL Holdings ranks #1017 out of 1576 companies in the Asset Management industry, placing it in the top 64.5%.
Is STEL Holdings' Net Margin % too high?
STEL Holdings' current Net Margin % of 200.89% is 157% above median its 10-year median of 78.13. Over the past 10 years, this metric has ranged from a low of 44.82 to a high of 100.75. The Asset Management industry median Net Margin % is 84.90. STEL Holdings' value of 200.89% is 136.6% above this industry median. Based on the distribution chart, STEL Holdings ranks #1017 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, STEL Holdings has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does STEL Holdings' Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, STEL Holdings ranks #1017 out of 1576 companies for Net Margin %. This places STEL Holdings in the lower half of its industry. The industry median Net Margin % is 84.90. STEL Holdings' value of 200.89% is 136.6% above this benchmark. Historically, STEL Holdings' own Net Margin % has ranged from 44.82 to 100.75 over the past decade. While the company's 10-year median is 78.13 vs. the industry median of 84.90, STEL Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. STEL Holdings's current Net Margin % of 200.89% is 136.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on STEL Holdings and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STEL Holdings's current Net Margin % is 200.89%, which is 157% above median its own 10-year median of 78.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STEL Holdings stock overvalued right now?
Based on GuruFocus' analysis, STEL Holdings (NSE:STEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹534.93, compared to a current price of ₹597.60 — trading 11.7% above its estimated fair value. The current Net Margin % is 200.89%, which is 157% above median its 10-year median of 78.13 and 136.6% above the Asset Management industry median of 84.90. STEL Holdings' overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For STEL Holdings (NSE:STEL), the current Net Margin % is 200.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is STEL Holdings (NSE:STEL) Overvalued in 2026?
Based on GuruFocus' analysis, STEL Holdings stock appears to be overvalued.
The current stock price of ₹597.60 is trading 11.7% above its estimated GF Value™ of ₹534.93.
GuruFocus considers STEL Holdings to be Modestly Overvalued.
Key valuation signals for NSE:STEL:
Net Margin %: 200.89% (157% above median its 10-year median of 78.13)
GF Value™: ₹534.93 vs. price of ₹597.60 (11.7% above fair value)
Industry Position: 136.6% above the Asset Management median (#1017 of 1576)
No single metric tells the full story. See the NSE:STEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
STEL Holdings Ltd is an investment company. Principally, it is engaged in the activities of holding companies. The company's income consists of dividends, interest, and income from the disposal of investments.
83GF Score
Get the complete analysis for NSE:STEL
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:STEL has been successfully added to your 
